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ClosePrice: | $255,000 |
Property Type: | commercial_industrial |
MLS #: | 23007256 |
This investment opportunity presents a revenue-generating property spanning 1.698 acres along the bustling US Hwy 287 (19) in Elkhart, TX. The 1,388-square-foot house on the property, currently vacant, was previously rented for $750 per month and boasts a new roof less than two years old. Adjacent to the house, a fully occupied 1,000-square-foot storage building features 10 units, each measuring 10'x10', with a rental rate of $45 per unit per month. There is immediate potential for increased revenue by adjusting the current rental rates. Moreover, the property offers room for expansion, with space available for approximately five additional storage buildings of the same size. Alternatively, investors may consider introducing RV park facilities to diversify usage. These strategic expansions provide avenues for maximizing returns on investment. The property's prime location along the heavily traveled highway enhances its visibility and accessibility, making it an attractive option for potential tenants or users. Investors can capitalize on the existing income streams, explore immediate rate adjustments, and strategically utilize available space for further development. With a mix of residential and commercial elements, this investment opportunity offers both stability and growth potential in the Elkhart, TX market. | |
Area: | Anderson |
Year Built: | 1950 |
Square Footage: | 58682 |
Bedrooms: | None |
Bathrooms: | None |
Acres: | 1.698 |
Courtesy: Demuth, Steve • Staples Commercial Group, LLC • 903-266-2900
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed.
This content last refreshed on 05/11/2024 08:00 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.